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. >> the cruel irony here is that the united states is well-regarded in libya. and there's a moderate government in place. and this is clearly the actions of an isolated and very small but very vicious terrorist group. and so we've got to protect ourselves from those groups. and we've got to go after them. >> reporter: and, wolf, as i said, we're expecting momentarily a briefing background here at the state department. there are a lot of details. everyone that we talk to says that it was a very, very complex almost chaotic situation. fighting on the outside. fire on the inside. and so we expect to have more details as we go along. >> and so far we've only been told the names of chris stephens and sean smith. the other two they have not released their names yet, is that right? >> yes. they were security officials. >> not u.s. marines though? >> reporter: no. we understand were not marines. they were security personnel. >> let us know what happens at this background briefing you're about to get. and you'll update our viewers. standby for that. jill dougherty. let's go to nic robertson now in londo
there simply as a diversion. four americans died including the united states ambassador to libya chris stevens. our foreign affairs correspondent, jill dougherty, has been working her sources to get a better idea on exactly what happened. our senior international correspondent nic robertson is monitoring the search for who's responsible. and our pentagon correspondent chris lawrence is keeping tabs on the u.s. military's response to what's going on as well. let's go to jill first. she's watching what's going on. jill, what's the latest over at the state department beyond the heartbreak of a top u.s. diplomat, three others killed? >> right, wolf. just in a few minutes we're expecting an update, a briefing on background by senior officials here at the state department. but for now this is what we know based on the conversations and what we are hearing from u.s. officials. tuesday night at the u.s. consulate in benghazi, a complex and highly dangerous situation. outside an anti-american protest. then a group of heavily armed militants, approximately two dozen of them, launched an attack firing ro
know one thing about him. he does not fail. let's hear it for the next president of the united states. [applause] >> thanks, sweetie. that's quite an introduction here. i got how many introductions tonight? anyone else want to offer an introduction? thank you. this really is a critical time for the country, and i think a time of choice. elections are always about choice. i think the choice is in more stark relief than most electrics. i think in part because of where the country is. i think when you have $16 trillion in debt, when you see places like europe facing fiscal calamity or crisis, while you recognize these are critical times, what you have in this country, 23 million americans out of work, 23 million. when half the kids coming out of college can't find work or work consistent with an education that includes college, think about that? this is america. what's happened? and so the president and i offered two very distinct paths. his path is one which has been not just spoken about, we've seen it. we don't have to guess what his path might look like or what he would do, because h
the united states as the move towards a democracy. the obama administration has said it is considering using sanctions against myanmar, also known as burma. this is one hour and 15 minutes. >> well, welcome to all of you. this is my first official of bent as the new president. what a thrill, frankly, to be here with you. her first visit to the united states in 20 years. no. a 40 years. and she chose to come to the institute for her first public address. we have wonderful partners in the society. and the blue moon a society. we have a great relationship with the state department of secretary clinton today. a number of her colleagues are here. kurt campbell. in addition, i would like to particularly recognize a couple of our board members. without her, i do not think this event would have occurred. i would like to thank her for coming. i like to turn things over. [applause] >> i join with jim. i want to tell you that this is an extremely large and important a pleasure that we have in welcoming all of you here today. it is an event in honor of remarkable individual. we welcome you and your dele
way? what constitutes the wrong way? here in united states and in the middle east there is enormous debate over how to handle iran's pursuit of a nuclear enrichment capability, a capability which would give iran the ability to manufacture nuclear weapons if they chose to do so. and obvious a this is an issue that's been with us for a very long time. i remember i first encountered it in immediate aftermath of the gulf war in 1991 when israel purchased 25 longer-range f-15 e. strike fighters. and those fighters were designated not f-15 e., but f-15-i. and the manufacture said that the i was for israel. if you spoke to israeli air force pilots and commanders, what the uniform would say to you is now now now that i is for iraq. this is an issue, this is a problem, it is a threat that the israelis have been thinking about for a very long time. they has been a great deal of effort trying to figure out how to develop a military option to disarm iran, to destroy its nuclear program if they ever chose to do so. and they've been working very deciduous lead at the. but by the same token, you w
, the united states is falling behind those countries. he said that the united states needs to be doing better than europe. that's one of his big go-to lines. europe is not working for europe. it isn't going to work here in the united states. so these two campaigns are going to be going at it over the economy. we heard president obama throw out a very attack line talking about the mother jones video that came out. he said in front of that crowd, he said when i look out at this crowd i don't see a lot of victims, referring to what mitt romney said in that hidden camera video. they're talking about defense stuff. but the economy looming o everything else. >> thank you, jim. appreciate it as always. president obama and mitt romney face to face. first presidential debate wednesday night. watch it live, 7:00 eastern or cnn.com. >>> also another huge story that has everybody talking. no kidding. the nfl and its refs. right now nfl commissioner roger goodell is taking questions at a presser in new york. let's see what he's got to say. >> -- and on their side why, and if there was a problem with full-
is unthinkable. and devastating. and when i become president of the united states, we will stop it. i will not cut our commitment to our military. >> the president once again blasted romney's hidden camera comments on the 47% of americans he dubbed victims of government dependence. >> i don't think we can get very far with leaders who writeoff half the nation as a bunch of victims who never take responsibility for their own lives. >> 47% of the people vote for the president no matter what. who -- >> the obama campaign turned romney's secretly recorded remarks into a devastating new ad claiming the gop nominee's words under the families and veterans. >> so my job is not to worry about -- they should take personal responsibility. >> romney two days in a row out to link national security to the nati sluggh recovery. he's seizing on new economic data revising down the 2nd quarter gdp. >> this is not just one quarter. this has been going on now for years. china's growing much faster than we. russia's growing faster than we. our economy needs to be reinvigorated. >> but not all the numbers
to where they were, we were in belt largest expansion in the history of the united states. fix medicare. allow negotiations for prescription drugs. that will save $240 billion over 10 years, and finally, takeaway subsidies from the big oil companies. they are very profitable, but they do not need our help. what you end up with then is not a $1 trillion problem. you end up with a problem in the $200 billion range. raising the ceiling, a default for the nation. he spoke out against the fairfax chamber and other chambers, and now he is saying, "wait a minute. we cannot make cuts." when he is running as the guy who wants to make cuts. he has more sides then a rubik cube. >> what your so-called plan would do to jobs. i think you should be taking into account what the impact is on jobs, and our economy, which is a major, major concern. you talked about bob mcdonnell and eric cantor. what they did was pass a measure that would avert these devastating cuts to our national defense and jobs in virginia. what has this than that done? absolutely nothing. they have not passed a budget in 3.5 years.
for the united states coming on and misleading the public. basically we have sent a letter to ambassador rice to explain herself. >> you know, there's a story out today, i didn't know if you saw it, senator, but the story essentially was that the united states government within 24 hours knew it was a pre-planned terrorist attack. your thought on that. because that indicts rice and whomever else was in this cover-up even more. >> that's right. ambassador rice came on the sunday morning programs and said that, in fact, it was a spontaneous reaction of course to the video. and in no way was an expression of hostility toward america. and you have to say killing four american heroes, quite honestly, attacking our consulate, if that's not hostility toward america, i don't know what it is. so, no, i think it's pretty apparent that the administration must have known, had information, and ambassador rice was sent out on the sunday programs to mislead the american public. i find that outrageous, and i think she needs to explain herself and explain herself fast. we should also call for an investigation.
things that is not a premarket industry in the united states because regardless of whether we have the information as to the optimus and effectiveness of a hospital or a physician problem -- or a physician, our health care provider networks that we are allowed to use are dictated by the insurance companies. a lot of the discussion about health care in the united states, people fail to discuss the role of the insurance companies and in network and out of network providers. i would like for you to comment on a world of our employers and large insurance companies play in directing where we get care. oftentimes, we are not allowed to get hair -- get care at, say, a university hospital or a teaching hospital regardless of our condition since solely because the out of pocket expenses will be way too high for a person to report getting the best care, even though it exists. guest: in my book and "and accountable," i share the reasons why it patient often decides to come to, particular hospital. their mother was treated there, the party was easy. if people are choosing a hospital based on t
.s. debt, as is featured. unbelievable that the debt of the united states could be at risk. but there you have it. it's a big deal. and there is no particular magic wand. the truth is with elected leaders who have been unwilling to tell us we have to pay for what we ask for. so we haven't done it. the debt is now burdening our economy, our growth, our job creation. and, frankly, even our attitudes. it creates a coloration of the whole climate that says, don't take risks. you already own too much. you slow down in that regard, you slow down the ability to solve the problem. that's why we are today. a couple rules. as we begin this conversation to shift from a problem approach to solution approach. first of all, let's try to get our latest essay there are no quick fixes to that, and there are no absolutes, let's stop the exercise of saying i will never, i will never support a tax increase, i will never support a tax on social security or entitlements. all that does is delay the honesty, the ability to work together. we have to do what we have to do to fix the problem that we created. that's
of the president of the united states. he deflects it and he attacks romney admitting this is a botched statement, holding the egypt government responsible for something like this is absolutely something they need to do if they want to have continued cooperation from the united states. >> and i want to ask peter brooks, old friend, so hillary says today in her comment that we reject these acts, quote, unquote, we reject these actions, but the president says later we will bring to justice. how he's going do that, i don't know. we will bring them to justice, peter brooks. what the hell does that mean? would you please tell me because to me, he is more interested in promoting these muslim states running through the art than he is promoting american influence and leadership in that region. that's what's got me really bugged, peter. how is he going to bring them to justice? >> i certainly can't channel president obama. i'm not the right person to do that. what i hope he means here is that the government of libya does not bring these guys to justice that we're going to take action including military ac
in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >>> we begin with the dramatic highs and lows in the race for the white house. now in full swing with the conventions over in both campaigns laser focused on november. the spotlight had barely cooled for president obama's big night when the latest unemployment report cast a shadow over the democratics' post-convention glow. mitt romney called it the hangover to the party in charlotte. the labor department says u.s. employers added only 96,000 jobs in august, fewer than expected, although the jobless rate did fall to 8.1%. our chief business correspondent, ali velshi, is joining us now to take a closer look inside the numbers. ali, the unemployment rate went down, but that's not necessarily a positive development. explain what's going on. >> you know, i've said for years that it's just easier to look at the number of jobs created or lost as opposed to the unemployment rate. and i'll explain that to you in a second. but the number of jobs added in august was 96,000. now, if you look at the pattern o
in the united states. some indexes they watch on a weekly basis have been lower recently and that will fuel a lot of talk about a bit of a slowdown. front-running the fed, guys, did you see what happened yesterday? i pointed out some of the biggest etfs in the high yield area. i'm talking about j&k had heavy volume and hitting new highs. why is that happening? a lot of people believe at the minimum the fed is going to extend forward guidance to keep interest rates low to at least 2015. all of that would be a big beneficiary to high-yield funds who are forcing people to go out on the yield curve. this is one simple way people are already anticipating exactly what the fmoc is going to be doing. back to you. >> terrific, bob. got to ask rick. looks like people sell bond, shift bonds to the dollar. rick is at cm group in chicago. >> thank you. i guess we should welcome europe to the same club the u.s. is in. lots of liquidity. maybe more liquidity coming. and a generally weak economy. welcome to the club. if you look at our charts, they pretty much reflect a lot of what central banking is doing
, and the united states. look, we know that china used to be one of the world's great growth engines. it almost single handedly kept the global economy afloat during the global recession. but after playing the roe of the world's economic engine for so long, the chinese locomotive seems to be in danger of running off the rails. each piece of data is weaker than the last. so what's good about that? well, the slowdown in china seems somewhat self-inflicted. governments hit the brakes and in many ways still seems like it's happening. the hope is the chinese will start cutting rates, adding real octane to the down shift in their economy. how about europe? the european central bank meeting this week and we're expecting to hear some chatter in unison that's going to ereverse the declining economies over there and maybe unite to save the spanish banking system. you can monitor these efforts by watching the largest spanish bank which has been climbing ever since it bottomed at $4 and change. $7 stock finishing up 0.182%. that's positive. what changed or reversed this stock which i consider to be the mos
time to talk. to your point the united states administration said we still think there is still an opportunity for diplomacy. what you heard from prime minister netanyahu today is that israel is not going to act unilaterally. they are, they feel they are in concert with the u.s. policy at this time. and that they feel that there is a need for the world. he spoke in global terms that the threat that it poses. it will spark an arms race to make the middle east totally tender box for terrorist. >> bret: judge? >> i thought the prime minister netanyahu made a brilliant and compelling, very, very scary case for containing iran. but i disagree with juan. he damned the president with the faint praise. it's obvious he doesn't want the president re-elected. obama has approval rating in the single digit in streets of tel aviv and jerusalem. i take a little different approach here. israel is a sovereign country. it doesn't need the approval of any international body to defend itself. if iranian use of nuclear weapons on israel is imminent under principles of the just war and international
's why i'm running for a second term as president of the united states. now, hold on a second. i want you to know, though, because some of you may not have been paying attention at the convention because you were still thinking about michelle and how good she was. [ cheers ] or maybe you're still talking about president clinton and how he broke it down. well, i want everybody to be clear. the path i'm offering isn't quick or easy. it's going to take more than a few years. to deal with all the challenges that we face. but let me tell you something, when i hear the other se talking about how the nation's in decline, i tell them, you must not be getting out much because this is america. and we've still got the best workers in the world and the best entrepreneurs in the world and the best scientists and researchers in the world, and the best colleges and universities in the world. and there's not a country on earth that wouldn't trade places with us right now. so i'm confident our problems can be solved. our challenges will be met. the path i offer is harder, but it leads to a better place. b
of the united states. what exactly do you mean? >> well, jim, first of all, i would like to thank the sponsors of this debate and the people of boston for hosting the debate. i would like to thank governor bush for participating, and i would like to say i'm happy to be here with tipper and our family. i have actually not questioned governor bush's experience. i have questioned his proposals. and here is why. i think this is a very important moment for our country. we have achieved extraordinary prosperity. and in this election, america has to make an important choice. will we use our prosperity to enrich not just the few, but all of our families? i believe we have to make the right and responsible choices. if i'm entrusted with the presidency, here are the choices that i will make. i will balance the budget every year. i will pay down the national debt. i will put medicare and social security in a lockbox and protect them. and i will cut taxes for middle- class families. i believe it's important to resist the temptation to squander our surplus. if we make the right choices, we can have a prosp
to be realistic about how we can tackle these challenges. if there is a crisis that i see in the united states for the long term, it is not the temporal issue of how we will deal with money. because i am very confident we will be able to deal with that. it is how will we bring that -- bring back our sense of what we can accomplish together as americans when we are realistic about those challenges. that is the thing i think about the word "crisis" in this country. >> mayor castro is not the first to suggest that. for 10 years now, we heard that the government is not asking all of us to do enough. >> it is interesting. the word "sacrifice," when i hear a politician say that, it usually means grab your wallet. it usually means increasing taxes. and i will give president obama credit to in his the first presidential candidate since walter mondale to run explicitly on a platform that he will raise taxes. >> he is saying he will raise taxes on the wealthy. >> according to the supreme court, he already has raised taxes. that was the basis on which the supreme court of held obamacare, that it was a ta
less than the funding we used to have. and so i think a requirement for the united states is to begin to use it. by 2020, you start to see results coming out at the same international all that we are used to in all of the other fields of science, i think people will no longer say that the space program is dead because we do not have the shuttle. they will say, america is doing a lot of debt to its space station. right now. the europeans are getting more sides of the space station that we built and then we are. >> i have a specific suggestion regarding the space station. if you are a university researcher interested in doing research in the microgravity environment. there are substantial barriers to trying to get an experiment on board the space station. there is a level of review, oversight. what some might view as excessive attention to minute details of experiments that are daunting. too many university investigators. it is too hard to get to the process and get your hardware on the space station. anecdotally, there are researchers who choose not to try it because they do not want t
mortgages and potentially other assets until we see unemployment improve in the united states, is that a good decision on his part? >> it's not my habit to comment on decisions of the sister institutions. i would only say that it demonstrates, also, that when you look at the advanced economy through the grade of the central banking, you see that we are all engaged in nonstandard measures. >> how worried are you about the fiscal cliff in the united states is this. >> i think it is part of course of the major issue that in the advanced world you have to cope with. >> but if it happens, does it bring on another recession in the united states? >> i'm sure that the u.s. leadership, whatever you have in the president discussion of course between the two major sensitivities, but a sense of the saw peer kror interests of the country will prevail. i'm absolutely confident in that. i don't trust that it is possible that the sense of the superior interests of the united states of america and by way of consequence of the entire of course advanced economy and by way of consequence the enti
of people protesting this anti-muslim film made here in the united states. dagen: rick leventhal from fox news joins us live. rick. >> the pakistani government declared today a national holiday, love for the prophet. nonviolence, but things got ugly fast. and across the streets of pakistan including islamabad to keep protesters from approaching the consulate there. and demonstrations in karachi, five movie theaters were burned and a couple of banks on fire. and one officer killed there. and in peshawar, hundreds of demonstrators set movie theaters on fire and police used tear gas. at some point opened the fire on the people and hit a pakistani news vehicle and killed the driver there. and they were marching through the streets and protesting the anti-muslim film and burned a makeshift coffin draped with an american flag and burned an effigy of president obama and around middle east and africa and security has been beefed up at a number of u.s. and western embassies around the region as a precaution, guys. dagen: rick, thank you for that reporting. connell: and nicole, the new york stock e
's been stuck in the 9 $9 to $12 for almost a ye now. >> it's fort d in the united states, and there's the ford from overseas. europe bad, latin-american, bad. bed bath and beyond, norfolk southern, two different kind of businesses. norfolk is going off the rails, bed bad, looking good. >> coming up, bargain shopping? retailers have been on the rise, but after perusing the aisles cramer has --. >>> and later, making dough, dominos has been -- find us if it can claim the upper crust of the pizza population, when the ceo breaks some news in cramer's exclusive. just ahead. >>> plus 'tis the season? millions of people around the world will get their hands on the highly anticipated crown jewel of the apple empire. iphone 5, but don't, get ready to though everything you think you know about tech out the window. cramer's looking beyond apple and what he says may surprise you. all coming up on "mad money." >>> any moment there's stocks that might rally for a week or month or a season before they only go out of style. and then there are the long-term opportunities that we search for all the t
.2 million people infected with hiv here in the united states, jim and about 20% to 25% of those individuals are unaware that they're affected. and what's most concerning is it's those individuals who are affected but unaware. they're responsible for 50 to 70% of the forward transmission. so our objective is to put it out there to make it easier for people to know their history status. >> do you envision a world where someone has unprotected sex, they would go to the drugstore and get this within 72 hours? >> we have spent a lot of time making sure consumers can understand the appropriate use of the product. it's not designed to detect infection immediately after someone is infected. but it's the exactly the same technology that's used in doctors offices and the public health centers. this is the rapid leading history test in the united states and now we're making it available to consumers. >> our show has been focused on hepatitis c. you've got a test for it, but you just don't think -- you talk about it as a billion dollar opportunity, but it's not as big for your company as this one. >> w
this morning. they'll just try to get a share of the touch screen market in the united states. to your point about cash going out, more smart phones being sold than expected it is still a big shortage so the move today, is that indicative of -- >> they're not going out of business. >> even though the core operations remain unprofitable. their cash build was 2.3 from 2.2 on the quarter. >> they had more cash than previously. >> and their shipments continue to go down. they bleed people. >> you have the developing countries now. >> the pricing pressure is greater. >> there's always ban thought someone would buy them. but people felt why buy them because they'll run out of money and when they run out of money you can get them for nothing and you get all that intellectual property for nothing. there's a lot of companies that wish they had that keyboard patent. maybe that is worth something. i'm just saying that, look. i want the blackberry 10 to ship earlier. i thought becky's interview was terrific. it's very difficult to be as negative as you might have been before knowing that the restructuri
day now. let's take the three big bad/good battlegrounds. china, europe, and the united states. look, we know that china used to be one of the world's great growth engines. it almost singlehandedly kept the global economy afloat during the global recession as the chinese communists figured out how to spur domestic spending. but after playing the role of the world's economic engine for so long, the chinese locomotive seems to be in danger of running off the rails. each piece of data is weaker than the last. so what's good about that? well, much of the slowdown in china seems somewhat self-inflicted. when the pure si realized it overstimulated the economy, governments hit the brakes and in many ways still seems like it's happening. the hope is that the chinese will stop stepping on the brake pedal but start cutting rates, adding real ago taken to the downshift in their economy. how about europe? the european central bank meeting this week and we're expecting to hear some chatter in unison that's going to reverse the declining economies over there and maybe unite to save the spanish ban
that the united states and that is enfuego. that's focus. then the ford from overseas. europe, bad. latin-america bad. guess what? two against one. can't own it. bed bath and beyond, norfolk southern. two different companies, two industries. norfolk is calling off the rails. i don't want to be no norfolk. bed bath, looking good. stay with cramer. >>> kwuming up, bargain shopping? retailers have been on the rise. but after perusing the aisles, cramer spotted bun stock that could be available in a discount. as the holiday season heats up, can this make you a cool profit in stick around it find out. >>> and later, making dough. domino says increasing its share of the pie and giving investors a healthy slice of the profit. but can this pizza party continue? find out if it can flame the upper crust of the peas why population, when the ceo breaks news in cramer's exclusive. just ahead. >>> plus, tis the season. in just hours. millions of people around the world, will get their hands on the highly anticipated crown jewel of the apple empire. iphone 5. but tonight, get ready to throw everything y
be accurately described as young. >> thank you so much. there is no organization in the united states that is better at serving as a forum for the principal legal issues of the day. i have been asked to comment as well on the voting rights and same-sex marriage issues. she has done such a good job in describing these cases. the two points i would make about same-sex and voting rights act cases is why would the justices get involved because these cases are not on the docket. the court family takes only one out of 100 cases. but doma has been invalidated by a federal court of appeals. if we're going to strike down a federal statute, that is our job, the supreme court's job. the voting rights act cases, several of them come on appeal. generally, you have to ask the supreme court to grant review in your case. but there are tiny slivers of cases in the united states code that allow them to go to the supreme court could but the voting rights cases they almost have to take. they suggested very serious concerns about the constitutionality of section 5. they have a lot of interest in this issu
. he is the chairman of the council on foreign relations and the former secretary of the united states treasury. he joined the clinton administration in 1993, serving in the white house as an assistant for economic policy in the first director of the economic council. he served as our nations secretary of the treasury from 1995 to 1999 and from 1999 to 2009 he served as a member of the board of directors and a senior adviser to that company. from that point on, he has served in various communities and community organizations and at this time, those who need his talent. we are privileged here to have a distinguished american with us take his time and service about this issue which we believe is so important to our country and our future. thank you for joining us and thank you for testifying before us. we appreciate your presence. >> one word, i think the secretary treasurer -- the last time we were trying to figure out what was going on -- >> that is true, sam, we decided to do something to get rid of them. >> we are glad to have you. >> he knows about budgets because he led an executiv
competitors to step up the game in order for mcdonald's to start missing here in the united states. what will mcdonald's force to be done? and will that be good from an investor standpoint? how much will they have to give up maybe in terms of margins in order to get those customers back, for instance? >> you know, i think it's a combination of being more aggressive on the dollar menu. they will give a little bit on the margin side and we have near term caution on that particular point. but i also think they have a pretty nice product pipeline shaping up for 2013, which gives us excitement, and it's one of the reasons why mcdonald's is one of our favorite medium term names in the space. we do have some caution based on more difficult comparisons that show up in the fourth quarter as well as the threat of higher food costs that are going to pay out early next year. >> we should point out that with 104th on the price target. jim, we hear again from r.j. about food costs. actually the flip side of this is that we have a very weak labor market in the united states. so for as long as we're not
the united states does not talk about trickle-up economics, take that 80%, educate them, make them pay taxes, and stop charging the top 5% more and more for what they create. why is that conversation not happening here? >> well, that's part of why inet, the institute for new economic thinking, was founded. james heckman at university of chicago and nobel prize-winning economist and i are working on a major program. we have 179 people worldwide on early-age human capital, early-age education which includes public health. >> you just have to put more resources into the education system to make it work. >> and better allocation of incentives, absolutely right. you're talking about a national tragedy. >> the word "resources" is loaded especially this week when we've got chicago teachers facing a potential injunction. >> yes. >> overturning citizens united, right, is not going to -- is not going to pacify what's happening outside. >> mm-hmm. >> neither is paying teachers more or giving them a shorter school year. right? >> i think if you paid teachers more, say relative to other professions, you
's effort. jon: what do they get out of it? is it iranian oil, is it tweaking the united states? >> reporter: it's both of those but they are acting in their own interest. as every nation should. we sometimes apologize for acting in our best interests. but russia and china view it as important to their agenda to block the sanctions in a meaningful way. jon: president obama said he would do whatever it takes to keep iran from gaining a nuclear weapon. will we? >> not under his administration, that is for sure. he's been saying this all openings are on the table for three and a half years and it just has no credibility at this point. the israelis don't believe him, the iranians don't believe him, the russians and the chinese don't believe him. that's why i believe ahmadinejad comes from a place of confidence because his overall stra teak eupblstrategic objectives can be well undertaken. the u.s. issued a statement this morning they weren't attending because it's yom kippur a hole who hwho he lee faith for the jewish faith. i think the u.s. delegation should have walked out on monday when mahm
illegal even here in the united states. in other words, the president of pakistan, one of our supposed allies, is calling for the united nations to enact international law that would trump the u.s. constitution. jon? jon: what a world. jonathan hunt, thanks. arthel: the road to victory in 2012 winding through ohio and the push for votes in this key swing state is kicking into high gear. president obama campaigning in ohio today less than a week before early voting gets underway. he'll be holding campus rallies at bowling green state university and kent state this afternoon hoping to drum up support among young voters. the republican campaign is crisscrossing the state on a three-day bus tour. governor romney today blasting the president's foreign policy and his handling of the economy. >> with incomes going down, every year going down, down, down, and prices of electricity up and health insurance up and the cost of gasoline having doubled, these are tough times even for families with jobs. i know what it takes to get this economy going again. i care about the people of america, and the
the world's largest economy in the united states. i would imagine if in three to ten years the financial system were to collapse because of the overprinting of money, i would imagine we would have a lot to do with that as the biggest players in all of this. does that mean that you are pessimistic about the united states' ability to come to grips with its unfunded liabilities and entitlements? is that what's going to cause this, we're not going to fix these? >> i'm very concerned that regardless of who will be in the white house next year, the republicans or the democrats, the fiscal deficit will stay above a trillion dollars as far as the eye can see. and that more money printing is on the way, qe 3, qe 4, so on. but you understand i want to clarify one point, i am bearish about the financial system and i think eventually it will collapse, but if you think it through, what is better to own in a systemic crisis, cash with the banks, treasury bills, or real estate in the u.s., or equities? i think that real estate in the u.s., i'm not talking about west 15 where sandy sold his condo for 8
of the greatest nation on earth. thank you. god bless you. and god bless these united states. >> the president wrapping up his acceptance speech for the nomination for president of the united states. democratic party. in charlotte, north carolina. can be described, perhaps, as a more subdued speech than the one that he gave at his initial convention four years ago. still touching on topics that are very popular. among his base. you had the tax issue, you had the issues of education. there were references to the automobile bailout. but still, john harwood who's with us, and larry kudlow still with us, and we have more guests coming in in a moment. there were parts that were surprising at times. opening up more land for natural gas drilling. we talk about tax reform. we talk about defense and strong on foreign policy. larry kudlow, did you feel this was a more centrist speech than you expected? >> no, not particularly. i mean, he said he was looking at the principles of bowles/simpson and simpson/bowles that those principles included pro growth tax reform across the board, getting rid of the ded
30 times before it runs out of room to ignite that economy. unlike europe and the united states, the policy makers in china have plenty of room to maneuver, and that fact seems to be endlessly forgotten by the bears who point this out daily. sure, many of their banks are bankrupt. i'm not saying that i don't trust -- hey, they built a ton of bridges and tunnels to nowhere, but never underestimate the problem-solving power of cash on the balance sheet. and china's got cash up the yazoo if not the yangtze for good measure. then there is the united states. here we have the fiscal cliff. the fiscal cliff is something we have moderate control over because it's a question of political will. it can be resolved. anything that can be resolved will be dealt with in some fashion. and i think that's why the stock market has been climbing despite the obvious chasm ahead of us. sure, there are other reasons that could cause the selloff stocks. stocks have had a big run. valuations getting stretched if we have little growth ahead of us. twice in the last month federal express, man, they disapp
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